Current Marcus by Goldman Sachs Bonuses and Promotions
Written by
Cynthia Bowman
Edited by
Emily Gadd
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Named for the founder of the investment firm Goldman Sachs, Marcus by Goldman Sachs, Member FDIC, offers savings products and personal loans. The bank has a simplified product line that includes a high-yield savings account, certificates of deposit and personal loans. Marcus by Goldman Sachs offers some of the highest interest rates available for savings products.
Like most banks, Marcus by Goldman Sachs occasionally runs special promotions to attract new customers, including referral bonuses and credit card bonus rewards. Here’s a closer look at how these bonus offers work.
| Account Type | Bonus Amount | Offer Expiration |
|---|---|---|
| Referral Bonus for Savings Account | 0.25% APY Boost | N/A |
Marcus Referral Bonus
Marcus by Goldman Sachs offers a savings account rate boost if you refer a new customer. Both the referrer and the referred customer can receive a 0.25% annual percentage yield boost on their online savings accounts for three months if they meet the conditions of Marcus Referred. The best part? Customers can earn the rate boost up to five times each calendar year.
- Cash value: Varies by account balance
- Minimum deposit to qualify: None
- Expiration date: None
- How to get it: Find your referral link in the Marcus Referral Center and provide it to the person you’d like to refer. Once they open a new online savings account using your link, you’ll earn the rate boost.
- How people you refer can get their bonus: Using the referral link you provided, the person you referred can earn the bonus by opening a new online savings account. Referred customers are not eligible to earn the bonus by opening a certificate of deposit.
- When you’ll get it: Within one business day after the referred customer successfully opens the required account
- Terms and conditions: Referred customers must not have had a savings account or certificate of deposit with Marcus for at least 12 months prior to being referred. Adding a customer to a joint account does not qualify. To receive the bonus, accounts must be open and in good standing.
- Monthly fee: None
- Promotion page: Marcus Referred
How To Open a Marcus by Goldman Sachs Account
You need to complete an online application to open an account with Marcus by Goldman Sachs. Here’s how:
Opening an Account
- Locate the application on the bank’s website.
- Choose the type of account you want to open.
- Complete the application, including the following details:
- Name
- Email address and phone number
- Provide personal information and verify your identity.
- Fund the account.
Is Marcus by Goldman Sachs the Right Bank for You?
Marcus by Goldman Sachs may be the right bank for you if you’re looking for a savings account or certificate of deposit that earns impressive rates. You don’t have to dedicate large sums of money or maintain minimum balances to avoid fees and earn the best rates. Take a look at this Marcus by Goldman Sachs review to learn more about what the bank offers customers.
However, the bank doesn’t offer many other products, such as checking accounts or credit cards beyond its line of GM co-branded cards. If you need a full-service bank, check out other financial institutions like the top banks in the country.
FAQ
Here are answers to some of the most frequently asked questions about Marcus by Goldman Sachs and the bonuses and promotions the bank offers.- What bonuses does Marcus by Goldman Sachs offer?
- Marcus by Goldman Sachs offers a referral bonus. If your friend signs up, you'll receive a higher APY for the next three months. The financial institution also offers bonuses for its credit cards.
- How do you qualify for a Marcus bonus?
- You can qualify for a Marcus by Goldman Sachs bonus by providing a friend with a referral code. If they sign up, you can enjoy a higher APY for the next three months.
- Are there promotions for new Marcus customers?
- Yes, as a new customer, you can earn a rate boost for three months if you sign up using a referral code.
- How do you redeem a Marcus promotion?
- If you want to redeem a Marcus by Goldman Sachs promotion, you can sign up through a referral link. When use the link, you'll enjoy a rate increase for the first three months.
More on Marcus by Goldman Sachs
- Marcus by Goldman Sachs Review: High-Yield Savings and CDs
- Marcus by Goldman Sachs High-Yield Online Savings Account Review
- Marcus by Goldman Sachs CD Rates
Sarah Sharkey, Julia Gordon and Amber Barkley contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on promotions is accurate as of Feb. 28, 2025. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.
